Perhaps you have made a healthy profit trading or holding crypto, or you just want to be in control of your own cryptocurrencies. Whatever the reason may be, there comes a time when you want to withdraw crypto from the Bittrex exchange and store it in a more secure and reliable wallet. In order to do this, you will need a safe and secure cryptocurrency wallet to store your digital assets before selling them for fiat currencies and ‘’cash out.’’
In this how-to withdraw crypto from Bittrex guide, we will guide you through the steps of withdrawing Bitcoin, Ethereum, and other cryptocurrencies from your Bittrex account to your Zengo wallet without making any precious mistakes. This way, you can rest assured your digital assets are safely under lock and key.
Before you are able to withdraw any cryptocurrency from Bittrex, you have to make sure you’ve set up your Zengo wallet correctly. Zengo is a next-generation non-custodial cryptocurrency wallet that makes use of the latest MPC technology to secure your digital assets optimally. Zengo is more secure than any hardware wallet and safer than centralized cryptocurrency exchanges because of its built-in Web3 firewall, no private key vulnerability, and guaranteed account recovery system that works with state-of-the-art biometric facial recognition software.
If you want to check whether your crypto has arrived in your Zengo app, simply open the app, log in with your facial ID, and check the main balance page. If you want a more detailed overview of your most recent transactions, hit the ‘’History’’ button within the main menu at the bottom of the app.
Zengo is the world’s most safe and most secure Web3-ready non-custodial wallet that makes use of revolutionary biometric key phrases instead of traditional mnemonic recovery phrases. This ensures you are the only one with access to your private keys. Additionally, the sleekly designed and beginner-friendly app helps you buy, sell, and swap cryptocurrencies on the fly, wherever you are, whenever you want.
Zengo protects your cryptocurrency portfolio with the latest biometric facial recognition 3-factor authentication mechanism. Gone are the days of writing down your seed phrases and printing out QR codes. Instead, you can enjoy the ease of use of the latest MPC technology to have peace of mind and rest assured your digital assets are safe and secure.
Zengo’s 100% non-custodial wallet enables users to be in total control of their own cryptocurrency portfolio. Apart from that, you can expand your crypto holdings at any given moment by using Zengo’s fiat onramp services. Simply buy Bitcoin, Ethereum, and many other popular altcoins with fiat currencies and store them on your Zengo wallet within a few taps.
Zengo offers real human customer support 24/7. If you ever run into a problem with your account or have any questions regarding Zengo’s services, simply start a live chat with one of our customer support staff. We will be more than happy to assist you.
With Zengo, you can easily send or withdraw crypto to other external wallets. Cashing out crypto to fiat is also a breeze. To send crypto to third-party wallets, open the Zengo app, tap the ‘’Actions’’ button, then tap on “Send”, select the desired cryptocurrency, and paste the receiving address. Confirm the transaction, and the crypto will be sent immediately.
To withdraw crypto to fiat using Zengo, tap the ‘’Actions’’ tab located in the main menu at the bottom of the home screen, followed by the ‘’Sell’’ button. Once you’ve done this, specify which cryptocurrency you want to sell and enter the desired amount. Your crypto will then automatically be sold, and you will receive USD, EUR, or GBP in return. Once you have the fiat currency of choice in your Zengo account, click on ‘’Withdraw’’ and follow the on-screen instructions to withdraw it to the bank account connected to your Zengo wallet account.
You can find more information about crypto withdrawals from Bittrex in the frequently asked questions section below.
Bittrex is one of the largest cryptocurrency exchanges in the United States, founded in 2014. Via its trading platform, users can trade over 440 different cryptocurrencies at low, fixed maker/taker fees. Bittrex doesn’t support margin trading, and only several cryptocurrencies are purchasable with fiat currencies via its onramp services.
The main difference between Bittrex and Zengo is that Bittrex is mainly a centralized cryptocurrency exchange that provides cryptocurrency trading and custodial wallet services. This means that Bittrex essentially holds the private keys which grant access to your digital assets. With the Zengo non-custodial wallet app, that is the opposite; you are in total control of your own private keys and are the boss of your own digital asset holdings. Another key difference between Bittrex and Zengo is that Bittrex only has minimal fiat onramp services available whilst Zengo, in addition to its on-ramp feature, provides a Web3-ready platform that can be used with a wide variety of Dapps.
Bittrex charges a flat withdrawal fee of $25 for wire transfer withdrawals made to bank accounts. Cryptocurrency and ACH withdrawals are only subject to miner fees where applicable.
The amount you can withdraw from your Bittrex account varies. You can view your current Bittrex withdrawal limits by navigating to the ‘My Profile’ section under ‘My Account’ in the main menu in the top right corner.
Funds withdrawn by wire transfer from Bittrex should arrive in your bank account within three business days or less. Cryptocurrency withdrawals should be processed within about an hour, depending on the number of transactions on the blockchain and the cryptocurrency chosen.
Common problems that can occur when withdrawing crypto from Bittrex are that the withdraw button is grayed out on your wallet or that a warning symbol appears next to the deposit and withdrawal options. The latter happens when you forget to add a memo/tag/payment ID to your transaction or when you haven’t selected the correct blockchain network.
The most common reason the withdraw button is grayed out is when Bittrex deposits and withdrawals are temporarily offline or when you haven’t fully verified your Bittrex account yet. Another possible reason could be that you have already surpassed your Bittrex withdrawal limits for that day, week, or month.
To withdraw crypto to fiat on Bittrex, you must first sell your crypto for USD using the exchange’s Instant Sell feature. Once you’ve done that, you select the ‘’Holdings’’ tab in the top right corner of the homepage. You then use the search bar to find your USD wallet. Tap ‘’Withdraw’’ on the right side of the screen and select the bank account you want to withdraw to. Next, specify the amount of USD you want to transfer and confirm the transfer details. Now you only need to wait for between 1 and 3 business days for the transaction to come through.
Alternatively, if you want to withdraw your digital assets from Bittrex but still want to hold them, you can transfer them to Zengo, where you can store your crypto safely until the time comes for you to withdraw to fiat.
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